In my last update, I said $60k is incoming and we did see a test to $59800.
Bitcoin broke out of all the resistance levels without any major correction from $50500 to %59800.
IT DUMPED TILL THE $56873 level.
I could expect a bit more correction to the $55000 to $54000k area to test the channel trendline but only when BTC doesn't hold the 21D MA which is less likely.
$56.5k is an important support level as you can see in the chart. It is also the neckline of the inverse H&S Pattern.
All these dips IMO are buying opportunities.
I've plotted both Scenarios in the chart.
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
Bitcoin broke out of all the resistance levels without any major correction from $50500 to %59800.
IT DUMPED TILL THE $56873 level.
I could expect a bit more correction to the $55000 to $54000k area to test the channel trendline but only when BTC doesn't hold the 21D MA which is less likely.
$56.5k is an important support level as you can see in the chart. It is also the neckline of the inverse H&S Pattern.
All these dips IMO are buying opportunities.
I've plotted both Scenarios in the chart.
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
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